Risk Management for Pensions, Endowments and Foundations is a non-technical primer about the risk management process for endowments, foundations and pension funds. The book goes beyond coverage of the risk-return characteristics of derivative instruments to provide decision-makers with information about setting up a risk management program, determining a hedge strategy and monitoring hedge performance.

Organized into four comprehensive parts, this book;

• Provides a corporate governance rationale for risk management education and describes why tax-exempt investors might consider using derivative instruments
• Examines the basics of risk, futures, options, and swaps, including case studies specific to endowments, foundations, and pensions
• Addresses the risk management process from start to finish, with special emphasis on its dynamic nature
• Comments on the operating environment, which is currently changing

Filled with examples, checklists, and end-of-chapter summaries, Risk Management for Pensions, Endowments, and Foundations provides clear guidance with regard to derivative instruments, risk management concepts, and special concerns such as valuation and reporting.